Immelt, Donohue: Make deal now

[Tippy]

The U.S. Chamber of Commerce’s president and the White House’s top business ally dialed up the pressure on President Barack Obama and Congress Monday to immediately make a deal on the government’s debt limit ceiling – or risk triggering more economic headaches.

Snip:

Appearing at a jobs summit hosted by the chamber, Immelt and Donohue both said the lack of a deal has heightened an already uncertain climate for the business community, making Fortune 500 companies and small businesses alike reluctant to hire.

Snip:
“We need certainty about the debt ceiling and we need it now,” he said, pointing to complaints about intransigence each side has made about the other. “The sooner we can do it, that takes that much of a load off” and gives breathing room to small businesses who “wake up every morning in a sea of uncertainty. That’s what has to change.”

The remarks by Donohue and Immelt came just hours after Obama told reporters he’s committed to breaking the impasse. Going public with arguments he’s been making to Republicans behind closed doors, the president said he’s willing to take flak from his own party and cut programs Democrats cherish to get a deal, and the GOP should follow suit and agree to proposed revenue increases.



http://dyn.politico.com/printstory.cfm?uuid=720F967C-2D37-42B0-83A1-89C629F6BCD8

[Enrique]

1. Immelt could have at least taken Obama's side n/t

[Vattel]

2. This is why I think Obama's approach is a bad one.

He should not tie discussions of the debt-ceiling to cutting spending or increasing revenue. He should just say: "Everyone knows that we have to raise the debt ceiling. The Republican attempts to hold the economy hostage by tieing raising the ceiling to spending cuts is unacceptable. Let's just do what is necessary for the economy and raise the ceiling. then we can talk about spending cuts and revenue increases."

[Armstead]

4. Bingo

[Bake]

3. Past time for Immelt's GE to pay up.

I paid more in taxes in a gazillion dollar corp? That's effed up! Immelt, do the RIGHT THING, NOW. Pay your fair share.

Bake